Stocks Mostly Higher at the Close But Declines for Apple Drag Nasdaq Composite Underwater

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Stocks posted narrow gains today, with the Dow Jones Industrials outpacing the broader S&P 500 because of outsized advances for a handful of higher priced component companies, including a 2% rise for IBM and a 1.3% jump for United Technologies ( UTX ). The S&P 500 held on for a smaller rise, led by consumer stocks despite below-consensus inventory and sales data. The tech-heavy Nasdaq Composite index finished in the red due to steep declines for Apple ( AAPL ) following investor disappointment with the tech giant's two new iPhone models, triggering a fresh round of analyst downgrades.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities
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